Trump’s Media Company Lost $58 Million in 2023, Generated $4 Million Revenue

Published on April 1, 2024

The company behind former President Donald Trump’s social media platform Truth Social said in a regulatory filing on April 1 that it suffered a net loss of over $58 million, with the news sending its stock down over 20 percent. The new filing with the Securities and Exchange Commission (SEC) shows that Trump Media and Technology Group (TMTG), which trades under the stock ticker DJT, brought in about $4.1 million in revenue in 2023, while experiencing a net loss of $58.2 million. Much of the loss appears to be related to an interest expense of $39.4 million on its outstanding debt, according to the filing. In 2022, the company made a net profit of $50.5 million....

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LA County Certifies March Election Results: Here’s Who Won and Who Faces a Runoff

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